5 ms·
0.64% MER is much higher than what you can get with Vanguard. Mutual funds are about 4x less expensive, some ETFs are 10x less expensive.
by marcandre 10y ago
0.64% MER is much higher than what you can get with Vanguard. Mutual funds are about 4x less expensive, some ETFs are 10x less expensive.
- isclever 10y agoMy personal view of using Wealthsimple is a stepping stone, I've realise that I've throw away money to the banks with higher then needed MERs and Wealthsimple provide a easy way of transferring my money in and saving money now. When my portfolio is larger and I'm seeing a higher cost with them VS doing it myself I'll look into buying ETFs myself. The lowest bank mutual fund in Canada that I've seen in from Tangerine at ~1% MER, are there ones lower?
- loeg 10y agohttps://www.vanguardcanada.ca/ https://www.vanguardcanada.ca/
- eswat 10y ago> The lowest bank mutual fund in Canada that I've seen in from Tangerine at ~1% MER, are there ones lower? Without having to handle rebalancing yourself? AFAIK then Wealthsimple and Tangerine are already the lowest you'll find without working with ETFs or index funds directly.
- rrdharan 10y agoFWIW Vanguard has a 0.3% AUM option here in the US now. I assume their Canadian counterpart offers something similar?